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April 20, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Wynne, Business Loans > 1st National Bank - Wynne Wynne Business Loans > Funeral Homes And Funeral Services Loan | ||||
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Harrisburg, Arkansas Bank for SBA Loans
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Funeral Homes and Funeral Services LoansLooking for loans for funeral homes and funeral services? Talk to a banker who works with the SBA. This $260,000 funeral homes and funeral services loan was issued by an Arkansas bank. This company knew how to go about getting a business bank loan. Based in Harrisburg, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was 1st National Bank - Wynne, based in Wynne, Arkansas. SBA Loan Borrower COMPANY TYPE: FUNERAL HOMES AND FUNERAL SERVICES SBA Loan Lender 1ST NATIONAL BANK - WYNNE The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812210 - Funeral Homes and Funeral Services Loan Approval Date 12/16/2003 Loan Approval Gross Amount $260,000 Loan Approval from the SBA Of the total $260,000 loan amount, the SBA guaranteed $195,000. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Microlending as a Small Business Funding Source SBA Approved Banks in Wynne, Arkansas
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